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Maywood sits in Los Angeles County where the median household income of $87,760 supports homes in the $750K range. At 5.875%, a $750K conventional loan runs $4,437 monthly in principal and interest alone.
Conventional loans dominate this price tier because they offer straightforward underwriting and no lifetime insurance. With 20% down, you skip PMI entirely and lock in a clean monthly payment.
5.875%
Interest Rate
$4,437
Monthly P&I
740
Min FICO
20% ($187.5K)
Down Payment
$750,000
Loan Amount
30 days
Lock Period
Conventional Loans in Maywood
Conventional loans at this price require a 740+ FICO score and typically 20% down ($187,500 on a $937,500 purchase). Lenders want to see stable income and reserves—usually two months of payments in the bank.
Los Angeles County's median household income of $87,760 stretches to cover a $750K loan if your debt-to-income ratio stays below 43%. That means your total monthly debt (mortgage, car, credit cards) shouldn't exceed about $3,750.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Maywood.
Maywood sits in Los Angeles County where the median household income of $87,760 supports homes in the $750K range. At 5.875%, a $750K conventional loan runs $4,437 monthly in principal and interest alone.
Conventional loans dominate this price tier because they offer straightforward underwriting and no lifetime insurance. With 20% down, you skip PMI entirely and lock in a clean monthly payment.
Conventional loans at this price require a 740+ FICO score and typically 20% down ($187,500 on a $937,500 purchase). Lenders want to see stable income and reserves—usually two months of payments in the bank.
Conventional loans are the backbone of California's mortgage market. Fannie Mae and Freddie Mac set the rules, so rates and terms are consistent across brokers and banks.
Brokers typically close faster than retail banks because they work with multiple lenders. Expect 30 to 45 days from application to closing. Appraisals and title work drive the timeline, not the lender.
Conventional pencils at $750K in Maywood because you hit the 80% LTV sweet spot with 20% down. No PMI, no rate penalty, clean underwriting. This is where conventional shines.
If you're short on down payment, FHA at 3.5% down looks cheaper upfront but carries lifetime mortgage insurance. The math flips in conventional's favor once you can clear 20%.
FHA loans start with a lower rate but tack on mortgage insurance that never cancels if you put down less than 10%. At 20% down, conventional has no insurance—FHA still does.
Conventional's advantage grows over time. You're not paying insurance every month for 30 years. At $750K, that's real money saved compared to FHA's lifetime MIP.
Maywood is a working-class community in southeast Los Angeles County. Home values here reflect the county's median income of $87,760—affordable compared to coastal areas but still solid appreciation potential.
The $750K price point in Maywood puts you in a stable neighborhood with good schools and proximity to employment centers. Conventional financing at this level is the standard choice for buyers here.
Principal and interest run $4,437/month at 5.875% on a $750K loan with 20% down. Add property taxes, insurance, and HOA if applicable. That's the P&I only—your total payment will be higher.
Yes. At 20% down (80% LTV), there is no PMI and no rate penalty. Below 20%, PMI kicks in and stays until you hit 78% LTV or refinance. At 20%, you're clean.
740+ FICO is the standard floor for conventional loans at this price. Some lenders go to 700 with compensating factors like large reserves or lower debt-to-income. Call to discuss your specific profile.
Expect 30 to 45 days from application to closing. Appraisals and title work are the main drivers. Brokers often move faster than retail banks because they juggle multiple lenders.
Yes, but you'll pay PMI. At 10% down, PMI cancels after 11 years of on-time payments. At 5% down, it cancels at 78% LTV. The lower your down payment, the longer you carry insurance.